Meta, Amazon and Microsoft are incurring losses on their green energy power purchase agreements (PPAs) that are based on Contract for Difference (CfD), said four people aware of the development. Power producers and buyers agree to pricing under long-term pacts. When such agreements are based on CfD, either party has to pay the difference between…
Mumbai: Top-tier law firm Cyril Amarchand Mangaldas (CAM) has appointed Mihir Rale as partner and co-head of its newly consolidated Digital+ practice. Rale, who will be based in the firm’s Mumbai office, was most recently the general counsel at Star and Disney India, where he spent 15 years overseeing legal strategy, regulatory policy, competition issues,…
New Delhi: The Central Electricity Authority (CEA) has recommended offering incentives to encourage the local manufacture of critical battery components including battery management systems, liquid cooling systems and battery energy storage system (BESS) containers to help meet growing power demand and maintain grid stability. In a recent report based on a workshop of key stakeholders,…
“This isn’t a business of one-agency-does-it-all anymore,” Subbu tells Mint. “The future is about win-win partnerships where everyone is a participant—and a beneficiary.” Rather than trying to own every function across media, data, content and tech, the company now focuses on orchestrating outcomes through strategic collaboration. Recent partnerships with firms like Quantum (for cultural research)…
Based on feedback from the industry and the government’s department of financial services, the final norms are easier than the previously proposed draft norms. They include a higher loan-to-value (LTV) ratio for small-ticket loans and don’t require credit appraisal for such loans. The deadline to implement these guidelines has also been extended to April 2026….
New Delhi: The central government has announced a series of policy relaxations for special economic zones (SEZs) aimed at boosting high-tech manufacturing, particularly in semiconductors and electronic components, within these zones, the Ministry of Commerce & Industry said in a statement on Monday. These changes are designed to attract pioneering investments, ease regulatory hurdles, and…
China’s despondent solar manufacturers face a new threat — an imminent drop-off in demand for their products that’s likely to heap pressure on an already oversupplied market. Investors will have an opportunity to gauge the industry’s underlying mood amid the glitz of the world’s biggest solar fair in Shanghai this week. The conference and exhibition…
The stand, confirmed by two top government officials, comes after manufacturers of both electric and hybrid vehicles sought the Centre’s favour after several state governments proposed incentivizing electric, hybrid and CNG vehicles equally. “I do not understand why there is so much lobbying. State policies may differ, but the central government has supported both EVs…
In July last year, IndiGo, India’s largest airline by fleet and market share, announced that it would induct 45 planes with dual-class seating by the end of 2025 and introduce IndiGoStretch, its business class equivalent product, on 12 routes in the country. As of May, the airline has started services to Mumbai, Bengaluru, Chennai and…
The majority of fresh law graduates in India are missing out on the country’s booming and higher-paying corporate legal market for reasons afflicting students of other professional courses as well—a lack of job readiness. Fewer than 2% of India’s fresh law graduates secure positions at the country’s top corporate law firms, according to data shared…